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Shell, bp consortium set to explore TT deepwater blocks 

A consortium comprising BP and Shell has inked an agreement with Trinidad and Tobago, greenlighting the exploration of three deepwater blocks—25a, 25b, and 27—for hydrocarbon production. Trinidad and Tobago's Minister of Energy, Stuart Young, confirmed that the cabinet has approved...

McDermott secures contract for Wahoo field pipeline installation offshore Brazil

Offshore installation and construction services provider McDermott has been awarded a significant transportation and installation contract by PRIO (formerly PetroRio) for the Wahoo field, located offshore Brazil. The undisclosed-value contract entails the transportation and installation of approximately 19 miles (30...

Venezuela’s referendum on border controversy raises concerns with Guyana – gov’t

Guyana’s government has expressed deep concern over the recent decision by the Venezuelan National Assembly to conduct a referendum regarding Venezuela's claim to Guyana's territory of Essequibo. It views this move as having the potential to escalate tensions between...

Over 900+ oil blocks in Brazil up for auction in December

Brazil’s National Petroleum Agency (ANP) has announced the upcoming offshore Brazil bid round dates. As per the proposed schedule, the ANP has set December 13, 2023, for the second round involving pre-salt acreage and the fourth round encompassing both...

bp Trinidad and Tobago completes critical offshore pipeline replacement

bp Trinidad and Tobago (bpTT) has announced the successful completion of its Trinidad Offshore Pipeline Replacement (TOPR) project, as part of the company's ongoing efforts to enhance its infrastructure.  The TOPR project involved the installation of a 96-kilometre, 12-inch pipeline,...

Expo Day marks culmination of ElevateAll’s 10-week intensive for manufacturing entrepreneurs

The Centre for Local Business Development celebrated the completion of its inaugural cohort from the ElevateAll - Manufacturing edition, with a September 23 ceremony and Expo Day at the Pegasus Corporate Suites, Kingston, Georgetown. ElevateAll extended a golden opportunity...

Guyana’s strength in numbers

By Dr. Lorraine Sobers - OilNOW September, the start of the new academic year, often prompts me to search for linkages between the state of education and the state of the nation. This brought me to consider that much of...

Commonwealth backs Guyana in territorial controversy with Venezuela after recent threats

In a significant show of solidarity, the Commonwealth Ministerial Group on Guyana met in New York on September 17, 2023, to address the ongoing territorial dispute between Guyana and Venezuela. Convened by the Commonwealth Secretary-General, Patricia Scotland KC, the...

Venezuela an international pariah; threat won’t hurt confidence in Guyana bid round – Rystad Energy

Rystad Energy’s Managing Director for Latin America, Schreiner Parker believes Venezuela’s recent grandstanding will have no effect on confidence in Guyana’s bid round. The analyst is the latest to add his voice to the Bolivarian Republic’s aggressive posture to...

Noble gets US$33 million added to backlog by TotalEnergies

Noble has secured a contract with Total Austral, a subsidiary of TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells at the Fénix project in southern Argentina.  The contract is expected to...

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ExxonMobil STEM initiative advances with RFI for Georgetown facility staffing

The ExxonMobil Foundation (Guyana) STEM Inc. has issued a request for information (RFI) for staffing services for a planned...